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§ 11-9-30 Methods of paying project costs.

SD Codified L § 11-9-30 (2019) (N/A)
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11-9-30. Methods of paying project costs. Payment of project costs may be made by any of the following methods or by any combination of methods:

(1) Payment by the municipality from the special fund of the district;

(2) Payment out of the municipality's funds;

(3) Payment out of the proceeds of the sale of municipal bonds issued by the municipality under chapter 10-52 or 10-52A, or both;

(4) Payment out of the proceeds of revenue bonds issued by the municipality under chapter 9-54; or

(5) Payment out of the proceeds of the sale of tax increment bonds issued by the municipality under this chapter.Source: SL 1978, ch 91, § 20; SL 2011, ch 73, § 8; SL 2018, ch 70, § 31.

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§ 11-9-29 Repealed.
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§ 11-9-31 Tax increments deposited in special fund--Municipal appropriations to fund--Investment of moneys in fund.